neighbourhoods

CREB® chief economist Ann-Marie Lurie has seen a bit of everything in 2016. From buyers’ conditions to migrational changes, Calgary’s housing market has taken industry observers like herself on a wild ride over the past 12 months.

CREB®Now recently had the chance to sit down with Lurie and reflect on 2016. Here’s what she had to say:

Pilot planning initiative puts public health front and centre of new community development

A stretch of Nose Creek that straddles Calgary’s northwest and northeast quadrants may now be only home to scenic, rolling grassy hills.

But soon enough, about 9,000 city residents could being calling it home sweet home, along with 21,000 jobs, as planning is underway to develop a community with residential, commercial and industrial opportunities.

Most notably, however, is this community, once built, will be one of city’s healthiest places to live, work and play.

Walkability has evolved from a buzzword to an influential part of home purchasing decisions in Calgary, say real estate experts.

And to meet growing demand for improved accessibility, developers and planners need to start now by designing communities of tomorrow through a more pedestrian-friendly lens.

“(Walkability) is important to our customers,” said Brookfield Residential development manager Tara Steell. “We’re hearing from them and using best practices to create communities with master-planned communities. We have the ability to influence that and try to get people out of their cars.”

Over the past five decades, Calgary’s real estate industry has been bare to it all – from double-digit interest rates to densification. Starting today, CREB®Now will weave together an incredible narrative of how the local housing industry has evolved through the unique perspectives of CREB®’s 30 remaining past presidents.